• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
UK Prime Minister Theresa May

May Won’t Rule Out Brexit Delay as U.K. Parliament Takes Control

By
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Bloomberg
Bloomberg
Down Arrow Button Icon
January 21, 2019, 3:52 PM ET
Pro-Brexit demonstrators are seen protesting outside Downing
Pro-Brexit demonstrators are seen protesting outside Downing Street in London. British Prime Minister Theresa May was expected to make a statement in the House of Commons about a possible alternative Brexit deal.SOPA Images LightRocket via Getty ImagesSOPA Images/LightRocket via Getty Images

U.K. Prime Minister Theresa May is refusing to rule out delaying Britain’s departure from the European Union as Parliament moves to take over the process to avoid an economically damaging no-deal Brexit.

May is under pressure from a cross-party group of politicians who are drafting a new law that could force her to ask the EU to extend the Brexit deadline.

If no deal is struck by Feb. 26, Parliament will be able to direct the next steps, including forcing May to call for an extension to the negotiations beyond Britain’s planned exit date of March 29, under the plan.

On Monday, the prime minister hinted she’s already contemplating an extension. During a question session in the House of Commons, May was repeatedly asked if she would rule out a delay to the U.K.’s withdrawal — but stopped short of doing so.

Her comments represent another indication that the U.K.’s troubled divorce from the EU will need more time. With just over nine weeks until Britain is due to end its EU membership, there is still no sign of a plan that can pass through Parliament.

Read more: Meet the Six Politicians Putting Parliament in Control of Brexit

Last week, the draft withdrawal agreement that May has spent the past two years negotiating with the EU was rejected in the House of Commons in the biggest defeat for a British government in recent history.

If no agreement can be ratified before March 29, the U.K. will lurch out of the EU with no deal, risking dire economic consequences, including a recession, and potentially a 25 percent fall in the value of the pound, according to British authorities.

May has been holding talks with opposition members of Parliament in an attempt to formulate a cross-party plan for the way forward. But she said her efforts were not working because her main rival, Labour party leader Jeremy Corbyn, was refusing to take part.

May said she would shift her focus to finding a compromise with the EU on the backup plan for avoiding a hard border with Ireland — the so-called Irish backstop. This is the most contentious part of the exit deal and so far the EU has refused to reopen talks on the issue.

Why Ireland’s Border Is Brexit’s Intractable Puzzle: QuickTake

May’s hope is that a better deal on the Irish border will win over members of her Conservative Party and the Democratic Unionist Party who rejected her deal last week.

In other concessions to her critics, May said her government will waive the 65 pound ($84) fee for European nationals wanting to stay in the U.K., and pledged to talk to labor unions and opposition parties about guaranteeing workers’ rights and environmental protections as she seeks to build consensus for her deal.

She pushed back against repeated requests for a second referendum on Brexit, warning that it would “damage social cohesion and faith in our democracy” if Parliament didn’t carry out the wishes of the 17.4 million people who voted to leave the EU in 2016.

In other developments on Monday:

May ruled out reports in newspapers that she is willing to reopen the Good Friday agreement that brought peace to Northern Ireland in her quest for a deal. The International Monetary Fund renewed its warning about the economic risks of a no-deal Brexit to the U.K., holding its 2019 growth forecast at 1.5 percent and warning “substantial uncertainty” surrounds the estimate. Irish Foreign Minister Simon Coveney rejected a proposal by Poland to limit the backstop to five years as a way of breaking the impasse

About the Author
By Bloomberg
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Most Popular

placeholder alt text
Economy
'I just don't have a good feeling about this': Top economist Claudia Sahm says the economy quietly shifted and everyone's now looking at the wrong alarm
By Eleanor PringleJanuary 31, 2026
1 day ago
placeholder alt text
Future of Work
Ford CEO has 5,000 open mechanic jobs with up to 6-figure salaries from the shortage of manually skilled workers: 'We are in trouble in our country'
By Marco Quiroz-GutierrezJanuary 31, 2026
24 hours ago
placeholder alt text
Success
Ryan Serhant starts work at 4:30 a.m.—he says most people don’t achieve their dreams because ‘what they really want is just to be lazy’
By Preston ForeJanuary 31, 2026
1 day ago
placeholder alt text
Success
Alexis Ohanian walked out of the LSAT 20 minutes in, went to a Waffle House, and decided he was 'gonna invent a career.' He founded Reddit
By Preston ForeJanuary 31, 2026
24 hours ago
placeholder alt text
Economy
Meet the first CEO of the IRS: A Jamie Dimon protege facing a $5 trillion test this tax season
By Shawn TullyJanuary 31, 2026
1 day ago
placeholder alt text
Startups & Venture
Silicon Valley legend Kleiner Perkins was written off. Then an unlikely VC showed up
By Allie GarfinkleJanuary 31, 2026
20 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Latest in

PoliticsDepartment of Homeland Security
Trump limits DHS intervention during protests in Democratic cities, but ICE and Border Patrol will be ‘very forceful’ protecting federal property
By Will Weissert and The Associated PressFebruary 1, 2026
9 minutes ago
dewar
CommentaryLeadership
The AI adoption story is haunted by fear as today’s efficiency programs look like tomorrow’s job cuts. Leaders need to win workers’ trust
By Carolyn DewarFebruary 1, 2026
2 hours ago
trader
Investingbubble
‘We’re not in a bubble yet’ because only 3 out of 4 conditions are met, top economist says. Cue the OpenAI IPO
By Nick LichtenbergFebruary 1, 2026
2 hours ago
Workplace CultureProductivity
In the age of AI, better meetings might be your company’s secret weapon
By Claire ZillmanFebruary 1, 2026
4 hours ago
SuccessCareers
Despite Airbnb CEO Brian Chesky and Steve Jobs praising micromanagers, a new survey ranks them among the most annoying coworkers
By Orianna Rosa RoyleFebruary 1, 2026
4 hours ago
Big TechMark Zuckerberg
The Chan Zuckerberg Initiative cut 70 jobs as the Meta CEO’s philanthropy goes all in on mission to ‘cure or prevent all disease’
By Sydney LakeFebruary 1, 2026
5 hours ago